Eyewitness News has revealed that F1 Boss Bernie Ecclestone has told them that Cape Town will host a Formula One street race in the next two years.

In February this year, the Cape Times reported that a local consortium had been invited to picth a racetrack to the FIA that was centred around the Waterfront, Greenpoint and even running through the Greenpoint stadium.

The proposal is apparently weeks away from being signed: ”I’m hoping we can make a decision as soon as our lawyers have a good look at them… within the next couple of weeks,” Ecclestone has been reported as saying.